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Coinbase-backed Indian crypto exchange Vauld lays off 30% workforce

Shortpedia

Content Team
Image Credit: daijiworld

Hyderabad-based cryptocurrency exchange Vauld has joined the growing list of Indian startups that have laid off employees amid the ongoing economic downturn. The startup has laid off around 30% of its workforce as crypto prices have crashed over the recent few weeks, along with the taxation regime and the resultant downturn in trade volumes. The crypto exchange did not specify a number.